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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (3606)8/28/1997 5:28:00 PM
From: john brefeld   of 20681
 
Henry;

First of all, I want to thank you for supplying the quotes.......it sure makes it easier to figure where I stand w/o having to talk to those nitwits at Scottsdale. Secondly, I too want to caution people not to get too excited about the recent upswing in price. Personally, I feel $200 is way too CHEAP. I am looking for the 6-900 range for full value but that is another y2k thing. We will see a correction followed by another increase when the numbers come out followed by more corrections, etc, etc. It it a very LOOOOOOONG process to get a mine up and running. Be patient. Be positive. The goods are there and we will figure a way to get them at a cost where we can make some real money. I'd be willing to bet that the tailings we have now will produce an equal amount of PMs by the time we start running out of dirt. Think about that!!!!

jb
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